DaMan
Active Member
- Joined
- Nov 17, 2003
- Location
- South of Nowhere
<a href="http://www.bgr.com/2011/10/21/metropcs-interested-in-buying-attt-mobile-assets"><img class="aligncenter size-full wp-image-109332" title="MetroPCS logo" src="http://www-bgr-com.vimg.net/wp-content/uploads/2011/10/MetroPCS-logo.jpg" alt="" width="652" height="186" /></a>
MetroPCS is interested in purchasing spectrum and subscribers from AT&T and T-Mobile,<em> Bloomberg</em> said Friday. Leap Wireless and Dish Network were also approached and Leap may still be interested in making an offer. The deal with MetroPCS would likely amount to less than $4 billion. In August, <em>The Wall Street Journal</em> revealed AT&T had hired Bank of America’s Merill Lynch to advise it on selling as much as $8 billion in assets. Later that month, the <a href="http://www.bgr.com/2011/08/31/u-s-government-sues-to-block-att-t-mobile-merger/">United States government sued to block</a> the planned merger when the U.S. Justice Department said the deal would “substantially lessen competition” in the U.S. wireless market. Read on for more.<span id="more-109306"></span>
AT&T <a href="http://www.bgr.com/2011/09/20/att-offers-to-sell-assets-to-sprint-in-bid-to-win-t-mobile-deal-approval/">approached a number of carriers</a> in September, including Sprint, offering to sell assets in an effort to remedy competition concerns. It remains unclear if selling assets will help it gain government approval.
“Spinning off some of T-Mobile’s customers or network doesn’t really remedy the government’s issue with the merger, which is that T-Mobile is such a disruptive and significant competitor that anything which makes them no longer independent would be unacceptable,” Duane Morris LLP lawyer Glenn Manishin explained to <em>Bloomberg</em>.
Manishin also noted that any sale of assets to Leap or MetroPCS would likely not be large enough to boost either carrier to a position where it might compete with AT&T, Sprint or Verizon Wireless on a national scale.
<a href="http://www.bloomberg.com/news/2011-10-20/metropcs-said-to-emerge-as-frontrunner-to-buy-assets-from-at-t-t-mobile.html">Read</a>
<img src="http://feeds.feedburner.com/~r/TheBoyGeniusReport/~4/c5SMchvnS_Y" height="1" width="1"/>
Via BRG - Boy Genius Report
MetroPCS is interested in purchasing spectrum and subscribers from AT&T and T-Mobile,<em> Bloomberg</em> said Friday. Leap Wireless and Dish Network were also approached and Leap may still be interested in making an offer. The deal with MetroPCS would likely amount to less than $4 billion. In August, <em>The Wall Street Journal</em> revealed AT&T had hired Bank of America’s Merill Lynch to advise it on selling as much as $8 billion in assets. Later that month, the <a href="http://www.bgr.com/2011/08/31/u-s-government-sues-to-block-att-t-mobile-merger/">United States government sued to block</a> the planned merger when the U.S. Justice Department said the deal would “substantially lessen competition” in the U.S. wireless market. Read on for more.<span id="more-109306"></span>
AT&T <a href="http://www.bgr.com/2011/09/20/att-offers-to-sell-assets-to-sprint-in-bid-to-win-t-mobile-deal-approval/">approached a number of carriers</a> in September, including Sprint, offering to sell assets in an effort to remedy competition concerns. It remains unclear if selling assets will help it gain government approval.
“Spinning off some of T-Mobile’s customers or network doesn’t really remedy the government’s issue with the merger, which is that T-Mobile is such a disruptive and significant competitor that anything which makes them no longer independent would be unacceptable,” Duane Morris LLP lawyer Glenn Manishin explained to <em>Bloomberg</em>.
Manishin also noted that any sale of assets to Leap or MetroPCS would likely not be large enough to boost either carrier to a position where it might compete with AT&T, Sprint or Verizon Wireless on a national scale.
<a href="http://www.bloomberg.com/news/2011-10-20/metropcs-said-to-emerge-as-frontrunner-to-buy-assets-from-at-t-t-mobile.html">Read</a>
<img src="http://feeds.feedburner.com/~r/TheBoyGeniusReport/~4/c5SMchvnS_Y" height="1" width="1"/>
Via BRG - Boy Genius Report